Thursday, August 28, 2014


Buying a condominium is similar to buying a typical ranch, cape or colonial home in the sense that the condo is considered real property to which a deed is issued to new buyers by the condominium association management office, or an individual owner reselling his/her townhouse or apartment unit; but this may be where similarities end since financing requirements are very different for condos than they are for residential properties purchase a condo. The first thing a condo buyer should know is how to obtain financing for the purchase, provided that the development meets Conventional or FHA financing requirements.

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